Millersburg, PA January 23, 2002The Board of Directors of Mid Penn Bancorp, Inc., (AMEX: MBP), the bank holding company of Mid Penn Bank, has declared a quarterly cash dividend of 20 cents per share, payable Monday, February 25, 2002, to shareholders of record Wednesday, February 6, 2002. Based on its current market price of $18.50, Mid Penn Bancorp stock offers a dividend yield of approximately 4.3%.
Mid Penn Bank offers a full line of traditional, as well as progressive banking services, with local decision-making capabilities and has been an independently owned community bank since 1868.
Mid Penn Bancorp, Inc. had approximately $330 million in total assets as of December 31, 2002. Mid Penn Bank, its wholly-owned subsidiary, with corporate headquarters in Millersburg, Dauphin County, Pennsylvania, has eleven offices in Dauphin, Northumberland, Schuylkill, and Cumberland Counties. For more information about Mid Penn Bancorp, Inc., visit Mid Penn's website at www.midpennbank.com and view the new Investor Relations page where comprehensive investor information is available.